Anthony McDonald

Four in the Senate, two in the House of Reps.

One of those was Barnaby Joyce, who got elected as a national and he crossed over.

And then the other one was a by-election down in southwest New South Wales, the seat of Farah recently.

But the budget all adds to this growing discontent.

It definitely helps open the door to One Nation.

Yeah.

It's kind of like it has been for the past few months, James.

Inflation's too high.

If we need to raise rates, we will.

We're showing some patience in not raising rates right now, but there's sort of enough going on in the background that they can justify sitting around and not increasing them.

But James, like in the Reserve Bank statement, I mean, it was like one sentence would talk about, you know, the inflation pressures and why inflation might go up.

And then the next sentence would talk about some pressure that maybe make it go back down.

Right.

And it was like that through the whole statement.

So I think it just shows how much uncertainty is out there.

And Michelle Bullock made it pretty clear, though, that.

One lesson of the past is that the Reserve Bank probably has to move sooner than it expects, right?

It can't wait until the numbers fall perfectly before they do what they're going to have to do next.

So I think I left the press conference sort of under the impression that she is willing to move and she's willing to move sooner than the data may suggest, but they just don't quite have the conviction to increase rates again just yet.

What do you think of it?